Kenya's GDP changed from approximately $13B 449M in 1980 to $104B 1M in 2024, showing an overall 673.3% sharply increased during the period.
The lowest GDP was recorded in 1993 at $10B 479M, and the highest in 2022 at $113B 701M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 4.8%.
For comparison, the average annual growth rate of Tanzania was 4.6%, and that of Uganda was 4.7%.
Kenya GDP from 1980 to 2024
The total market value of goods and services produced annually in Kenya.
Overview of Kenya's GDP (1980–2024)
The Gross Domestic Product (GDP) of Kenya recorded a 673.3% sharply increased from 1980 to 2024.
The average GDP during this period was $40B 136M, and the median was $20B 630M.
GDP fluctuated within a range of $103B 222M, with a standard deviation of $33B 710M.
The average annual change was $2B 298M.
Highest and Lowest GDP Records
- Lowest GDP: 1993, $10B 479M
- Highest GDP: 2022, $113B 701M
- Most Recent GDP: 2024, $104B 1M
Notable Annual GDP Changes
- 2018: Significant increase in GDP
- 2024: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Kenya's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $100B 328M → $100B 912M
- Outcome: remained stable
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $36B 708M → $42B 347M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $18B 206M → $18B 697M
- Outcome: increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $18B 300M → $20B 630M
- Outcome: sharply increased
Key Economic Indicators of Kenya (1980–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 13B 449M | $ 855.47 | $ 1,116.55 | $ 17B 553M | 5.572 % | -6.516 % | 3.97 % | 0 % | 15M 721K people |
1981 | $ 12B 667M | $ 776.78 | $ 1,226.53 | $ 20B 2M | 4.1 % | -4.433 % | 7.58 % | 0 % | 16M 308K people |
1982 | $ 12B 196M | $ 721.65 | $ 1,320.15 | $ 22B 311M | 5.052 % | -2.504 % | 10.51 % | -1.119 % | 16M 900K people |
1983 | $ 11B 279M | $ 644.50 | $ 1,345.92 | $ 23B 554M | 1.593 % | -0.419 % | 12.65 % | -0.101 % | 17M 500K people |
1984 | $ 11B 703M | $ 646.57 | $ 1,369.84 | $ 24B 794M | 1.6 % | -1.084 % | 10.67 % | -0.417 % | 18M 100K people |
1985 | $ 11B 646M | $ 622.80 | $ 1,423.53 | $ 26B 620M | 4.073 % | -0.988 % | 15.41 % | -0.647 % | 18M 700K people |
1986 | $ 13B 832M | $ 716.68 | $ 1,505.28 | $ 29B 52M | 6.982 % | -0.325 % | 13.81 % | -0.486 % | 19M 300K people |
1987 | $ 15B 163M | $ 758.17 | $ 1,575.09 | $ 31B 502M | 5.811 % | -3.311 % | 12.02 % | 0.377 % | 20M people |
1988 | $ 15B 722M | $ 759.50 | $ 1,671.46 | $ 34B 599M | 6.091 % | -2.998 % | 12.18 % | 1.04 % | 20M 700K people |
1989 | $ 15B 586M | $ 728.33 | $ 1,756.70 | $ 37B 593M | 4.554 % | -3.788 % | 9.30 % | 0.629 % | 21M 400K people |
1990 | $ 16B 219M | $ 737.22 | $ 1,846.02 | $ 40B 612M | 4.134 % | -4.348 % | 11.32 % | 0.01 % | 22M people |
1991 | $ 15B 315M | $ 674.69 | $ 1,874.38 | $ 42B 548M | 1.339 % | -1.878 % | 11.16 % | -3.071 % | 22M 700K people |
1992 | $ 15B 84M | $ 644.60 | $ 1,839.66 | $ 43B 48M | -1.08 % | -2.37 % | 8.14 % | -3.178 % | 23M 400K people |
1993 | $ 10B 479M | $ 434.82 | $ 1,826.83 | $ 44B 27M | -0.095 % | 8.574 % | 10.74 % | -1.905 % | 24M 100K people |
1994 | $ 12B 547M | $ 505.91 | $ 1,859.07 | $ 46B 105M | 2.531 % | 5.807 % | 10.35 % | 1.438 % | 24M 800K people |
1995 | $ 15B 905M | $ 623.71 | $ 1,925.07 | $ 49B 89M | 4.287 % | -1.779 % | 8.80 % | 3.495 % | 25M 500K people |
1996 | $ 18B 64M | $ 686.85 | $ 1,985.83 | $ 52B 227M | 4.479 % | 0.364 % | 8.84 % | 2.461 % | 26M 300K people |
1997 | $ 18B 300M | $ 677.77 | $ 1,975.79 | $ 53B 346M | 0.411 % | 0.345 % | 7.72 % | 1.515 % | 27M people |
1998 | $ 20B 630M | $ 742.09 | $ 1,998.38 | $ 55B 555M | 2.983 % | 1.364 % | 8.67 % | 1.934 % | 27M 800K people |
1999 | $ 18B 594M | $ 647.89 | $ 2,006.28 | $ 57B 580M | 2.199 % | 5.689 % | 21.19 % | 2.84 % | 28M 700K people |